TMI BlogBusiness Advance Not a Loan for Deemed Dividend Rules u/s 2(22)(e) of Income Tax Act.Addition on account of deemed dividend u/s 2(22)(e) - advance on account of business transaction cannot be categorized as loans so as to attract deeming fiction under section 2(22)(e) of the Act. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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